MasterCard Domestic Purchase Transactions
Interchange Fees for New Zealand
With effect from 16 July 2007, the following interchange fees will apply to MasterCard credit card purchase transactions in New Zealand where the card issuer and merchant acquirer are both New Zealand residents.
MasterCard Credit Card Transactions
| Interchange Category
| Interchange Rate (inc. GST) |
| Strategic Merchants |
0.70% |
| Utilities |
0.80% |
| Recurring Payments |
0.80% |
| Commercial |
2.00% |
| Consumer Premium |
2.00% |
| Consumer Electronic |
0.95% |
| Consumer Standard |
1.30% |
The qualifying criteria for the interchange fees set out above are as per the following:
| Interchange Category
| Description |
| Strategic Merchants |
Currently restricted to supermarkets only. |
| Utilities |
Available to the following MCCs: 4812, 4813, 4814, 4816, 4821, 4899, 4900. |
| Recurring Payments |
Available for transactions containing the Recurring Payment indicator other than transactions qualifying for Utilities and Strategic Merchants. |
| Commercial |
Available for all commercial payment cards, other than for Utilities, Recurring Payments, and Strategic Merchants. |
| Consumer Premium |
Available for all cards above Gold, other than for Utilities, Recurring Payments, and Strategic Merchants. |
| Consumer Electronic |
Available for consumer credit card transactions conducted at an electronic data capture terminal and authorised by the issuer other than other than for Utilities, Recurring Payments, and Strategic Merchants and Consumer Premium. |
| Consumer Standard |
Available to all domestic credit transactions not qualifying for any other interchange category. |
Enquiries regarding interchange fees should be directed to MasterCard Worldwide at 61 2 9466 3700.
|
|
